ECONOMIC
SECURITY

Building an economically secure future for Black Canadians is of the utmost importance.

Building an economically secure future for Black Canadians is of the utmost importance. Economic security speaks to the amount of stable income and other resources needed to support a high standard of living now and in the foreseeable future. To build an economically secure future for Black Canadians means addressing poverty, access to employment, income inequality, property ownership, and business growth and development.

Black Canadians represent 2.9% of the overall Canadian population, but represent 18% of Canadians living in poverty.1

The FBC is exploring opportunities to advance poverty reduction, create employment opportunities, support business development, growth and entrepreneurship to enhance the economic well-being of Canadians of African descent. We believe that the key to unlocking Canada’s full economic potential is to build a just and equitable society, where people from all backgrounds and lived experiences including Black Canadians, have an equal stake in the Canadian economy and work together to secure our collective prosperity.

Your Voice Is Important To Us

We want to hear the ideas from more people across Canada as to how we can work together to address economic insecurity in communities of Black Canadians.

Living in poverty

18%

Black Canadians represent 2.9% of the total population3.

Higher unemployment

10.7%

Non-racialized Canadians unemployment rate is 6.2%4.

Earning less income

$28,231

Non-racialized Canadians earn an average of $37,332annually

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